Are the Smartest People Buying Right Now?

I had my global macro investor roundtable, which is a bunch of my subscribers. What are the smartest people buying right now? Are they sitting in cash? Are they moving on something or? There was a lot of cash. The real estate developer guys, the wealthy guys who were in real estate is their primary thing. A lot of them had sold quite a lot. They wanted both commodities and technology because they know this one's probably kind of a good five or 10 year cycle.